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Seven Stocks Go to the Woodshed While Apple Fills Gap

NEW YORK ( TheStreet) -- The seven companies I am profiling today were taken to the woodshed for various reasons as the Dow Industrial Average attempts to achieve a new all-time closing high above its Oct. 9, 2007 all-time closing high at 14,164.53, and its intraday all-time high at 14,198.10.

Meanwhile, Apple (AAPL - Get Report), which has been taken to the woodshed several times since September's all-time high at $705.07. Apple bottomed at $435.00 on Jan. 25 and emerged from behind the woodshed to a high of $484.94 on Feb. 11, filling the gap to the Jan.15 low at $483.38. Many market technicians say that when a stock experiences a price gap up or down that those gaps are almost always filled once a stock tops, or sets a tradable bottom.

Apple ($467.90) still has a buy rating, is 19.4% undervalued with a trailing 12 months price-to-earnings ratio at 10.7. The weekly chart profile remains extremely oversold with the five-week modified moving average at $489.81. My annual value level remains $421.05 with a semiannual pivot at $470.21, which was tested again on Tuesday, and annual risky level at $510.64.

At we show that 63.9% of all stocks are overvalued versus the 65.0% valuation warning threshold. Eleven of 16 sectors are overvalued by double-digit percentages including four of the five sectors represented in the stocks profiled today; computer and technology is overvalued by 14.0%, construction is overvalued by 23.8%, consumer discretionary by 9.5%, medical by 14.1%, and retail-wholesale by 11.5%.

Reading the Table

OV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy.

Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.

Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.
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Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

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